Executive Vice President Bryan Smith has sold 7,400 shares of Nasdaq Inc (NASDAQ:NDAQ) on April 1, 2024, according to a recent SEC Filing. The transaction was executed at a price of $62.91 per share, resulting in a total sale amount of $465,534.
Over the past year, the insider has sold a total of 9,464 shares of Nasdaq Inc (NASDAQ:NDAQ) and has not made any purchases of the stock. The company’s insider transaction history over the last twelve months indicates a higher number of insider sales (6) compared to insider buys (4).
Nasdaq Inc (NASDAQ:NDAQ), with a market capitalization of $35.47 billion, is a global technology company serving the capital markets and other industries. Its diverse offering includes trading, clearing, exchange technology, regulatory, securities listing, information, and public company services.
The stock’s price-earnings ratio stands at 29.18, surpassing the industry median of 18.255 and also exceeding Nasdaq Inc’s historical median price-earnings ratio. This valuation metric suggests a premium compared to the industry and the company’s own trading history.
On the valuation front, Nasdaq Inc (NASDAQ:NDAQ) was trading at $62.91 on the day of the insider’s sale, with a GuruFocus Value of $52.89. This results in a price-to-GF-Value ratio of 1.19, indicating that the stock is considered Modestly Overvalued according to GuruFocus’s GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company’s past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
